In 1964, the Bahrain Currency Board was established and issued a new family of Bahraini Dinar banknotes and coins on 7th October 1965. The new banknotes and coins, which replaced the Gulf Rupee, contained the following note denominations: BD10, BD5, BD1, BD1/2 and BD1/4 with coin denominations as follows, 100fils, 50 fils, 25 fils, 10 fils, 5 fils and 1 fil.

The Amiri Decree for establishing the Bahrain Monetary Agency was issued in 1973.

The second issue of the Bahraini Dinar was issued in 1978/1979 by the Bahrain Monteray Agency and contained the note denominations BD20, BD10, BD5, BD1 and BD1/2, with the coin denominations unchanged.

In March 1993 new security features were added to the Bahraini Dinar to develop the currency and pretect it from the counterfeit processes. With that, a new family of banknotes were issued BD20, BD10, BD5, BD1 and BD1/2 along with the coins, 100fils, 50 fils, 25 fils, 10 fils and 5 fils.

After the issue of the Central Bank of Bahrain (CBB) Financial Insittutions Law in 2006, the CBB issued the fourth issed of Barhaini Dinar, in March 2008, containing banknote denominations BD20, BD10, BD5, BD1 and BD1/2, with the coin denominations unchanged.